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Use the following figure to answer the question : Figure 13-2 : shows the market demand curve [DD'],the supply curve of the fringe firms [SF],the cartel's marginal cost curve [MC0],and the cartel's marginal revenue curve [MR0].Assume that the cartel behaves like a dominant firm.
-Refer to Figure 13-2.If the market had been perfectly competitive,the equilibrium price and output would be _____ respectively.
Intimacy
A close, familiar, and usually affectionate or loving personal relationship with another person or group.
Power
is the ability or capacity to influence or control the behavior of others or the course of events.
Inclusion
The practice or policy of providing equal access to opportunities and resources for people who might otherwise be excluded or marginalized, such as those having physical or mental disabilities, or being members of minority groups.
Control
The power to influence or direct people's behavior or the course of events.
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